COMMERCIAL.

Rangitikei Advocate and Manawatu Argus, Volume XXXI, Issue 8729, 1 February 1907, Page 2

COMMERCIAL.

Press Association.—-Copyright. Syi.'ney, January 31. "Wool is iirm, there being good competition. Grea-y touched 10-id and scoured 21id. Melhouuse, January "1. The supply of hides on "offer is small and the market is firm, though prices are unchanged. London Wool SalesPress Association—Copyright. London, Januaiw 31. The wool catalogued was 152,(100 hale.";, sold to Homo buyer* 7-,noci, ConHnem 00,000, America 13.000, held over Hot 0 Compared withDec-mber sales all scoured Merinos advanced Id to Id,faultier 10 per cent, ero-sbreds irregular owing to inferior condition. Americans took the best parcels of medium and finer grades at high prices. Ordinary top-making sorts declined id to Id. Lambs' wool was in strong demand at 5 per cent advance. Press As.-< nation. "VVei.lixoton. February 1. The Department of Industries nuci Commerce has received the following cable from the Jtigh Comnmsionei dated London, January 21st :— # The wool market closed strong. There has been au exceptional demand, prospects are favorable and trade yer;, good. The e.-iimated values obtained arc as follows: Tine crossbred*, all grades. Is 2id to Is 4id; medium do., Is to Is 2d"; coarse do., l'lid to Is Id. Superior merino, Is 2d to Is 4ci, medium Hid to Is 2d, inferior Sid to 10 id. Messrs Abraham and AVilliams have received the following cable message from London, under date 20th insl, .—"The sales have closed with good enquiry from all branches of the trade. There is a moderate demand for coarse crosshreds. Prices are id to Id per lb lower for medium and coarse greasy crossbred.-. Current prices for North Island farmers' lots are as follows: Coarse crossbred-, 30-40's, quality average condition, loid to lid lb; medium crossbreds, li-lU's, quality average eoiidhion, 11 id to l-pl; fine ero,:-Oi;H-, t.o's. quality average condition, Vl'; A to 1-'!<.:." Tlie New Zealand Loan and Mercantile Agency Co., Ltd., lave received the following cable from their London House, dated 31st inst.:—" "Wool market closed strong for all sorts. As compared with last sales closing rates prices are from par to 5 per cent higher for merino and crossbred lines ; about 5 per cent lower for medium grea-y and coarse greasy crossbred. Since close of last sales prices are higher by id to Id for greasy merino lambs, and id for greasy crossbred lambs; good merino Hid ; medium merino l'-M ; inferior merino Hid: fine esns-bred led; medium crossbred 13id ; coarse crossbred., lo's, Hid ; coarse crossbred, 3G's, 11.;. We quote present spot values for the following descriptions of tallow : l'"iue mutton 37s Dd, good beei 35s 3d, mixed 3 Is (id."